Denmark Business Confidence September 2016

Denmark

Denmark: Business confidence weakens slightly in September

September 29, 2016

The business confidence indicator developed by Statistics Denmark (DST) came in at minus 8 points in September, which marked a deterioration since the previous month’s minus 7 points. Since June 2014, the indicator has remained under the 0-point threshold, which indicates that pessimists outnumber optimists.

According to DST, September’s setback reflected more pessimistic expectations of future production and a smaller backlog of orders in comparison to August. Sentiment remained firmly entrenched in pessimistic territory among producers of capital, intermediate and durable goods. By contrast, sentiment among consumers of non-durable goods returned to positive territory in September.

FocusEconomics Consensus Forecast panelists expect gross fixed investment growth to reach 1.8% in 2016, which is unchanged from last month’s forecast. For 2017, panelists forecast an expansion of 2.2%.


Author: Teresa Kersting, Economist

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Denmark Business Confidence Chart


Denmark Business Confidence September 2016

Note: Value of s.a. monthly manufacturing confidence indicator index. The 0-point threshold separates optimistic from pessimistic sentiment.
Source: Statistics Denmark (DST)


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